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More boat buying advice - - - 16 messages. Showing 1 through 10. Go to page: 1   2 
FishCat
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Daily Subscription Msg 1 Posted: 09:14 PM 10/20/09 (CST)
Hi folks - I literally pulled the trigger on a boat buy tonight. It was a great deal and a perfect boat for me. PERFECT. However, after we went inside to work out the details, the guy couldn't find the title. He searched through his records for a while (he had multiple vehicles) but no dice.

The boat is registered through 2010, but the owner was telling me only the trailer needs to be titled. That didn't jive with me. When I asked how the new owner was supposed to transfer ownership, he said all you need to do is provide the current numbers. Is he right? Also, the trailer has the lifetime registration sticker. How does that work in a sale?

Like I said, I want this boat; but I need to feel secure in a transaction this big. The guy was really nice, I don't think he was scamming and this is my first "real" fishing boat, but I put the breaks on the deal.

Any advice you all can give me would be a big help. Thanks Pals.

P.S. I found this on the DNR web site. Will this get me in the clear? I'll call them in the AM too.







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BigBite
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Daily Subscription Msg 2 Posted: 07:56 AM 10/21/09 (CST)
Hi FishCat,

Title Required for Transfer.
IMPORTANT


A person may not sell or otherwise transfer a titled watercraft without delivering to the person acquiring the watercraft a certificate of title with an assignment on it to show complete chain of ownership to the person acquiring the watercraft. A person may not acquire a watercraft required to have a certificate of title without obtaining a certificate of title for the watercraft in the person’s name.

More Info...

WATERCRAFT TITLING

As a safeguard for boat owners, the Minnesota legislature created a law, which requires the titling of certain watercraft. A title provides proof of ownership, which becomes very important when buying or selling a boat. It also protects businesses that make boat loans, and helps in the identification and recovery of stolen watercraft.

Effective January 1, 1991 Chapter 86B requires certain watercraft to be Titled.

Requirement.

Unless specifically exempted, a watercraft used on the waters of the state must have a certificate of title if:

1) the watercraft is owned by a resident of this state and is kept in the state for more than 90 consecutive days; or

2) the watercraft is kept in the state for more than 90 consecutive days and has not been issued a certificate of title or similar document from another jurisdiction.

Watercraft Exempt from Titling.

A watercraft is not required to have a certificate of title if the watercraft is:

1) owned by a manufacturer or dealer and held for sale;

2) used by a manufacturer solely for testing;

3) from a jurisdiction other than this state, temporarily using the waters of this state;

4) owned by the United States, a state, this state or political subdivision;

5) a duck boat used only during duck hunting season;

6) a rice boat used only during wild rice harvesting season;

7) owned by a person, firm, or corporation operating a resort as defined in section 157.01, subdivision 1, or a recreational camping area as defined in section 327.14, subdivision 8, except with respect to a previously titled watercraft;

8) watercraft manufactured prior to August 1, 1979. (1979 or older);

9) a row-type fishing boat of single hull construction, with oar locks and an outboard motor capacity rating of less than 40 horsepower;

10) a canoe;

11) a kayak;

12) a ship’s lifeboat;

13) a vessel of at least five net tons measured in Code of Federal Regulations, title 46. part 69, that is documented under Code of Federal Regulations, title 46, subpart 67.01; (any documented vessel);

14) a seaplane; or

15) a rowing shell

Voluntary Titling.

The owner of a device used or designed for navigation on water and used on the waters of this state may obtain a certificate of title for the device, even though it is not a watercraft as defined in section 86B.820, subdivision 14, in the same manner and with the same effect as the owner of a watercraft required to be titled under Laws 1989, chapter 335. Once titled, the device is a titled watercraft as defined in section 86B.820, subdivision 13, and is and remains subject to Laws 1989, chapter 335, to the same extent as a watercraft required to be titled.

A watercraft that is owned and licensed under section 86B.401 before January 1, 1991, is not required to have a certificate of title until the owner transfers part of an interest in the watercraft or renews the license.

Title Required for Transfer. IMPORTANT

A person may not sell or otherwise transfer a titled watercraft without delivering to the person acquiring the watercraft a certificate of title with an assignment on it to show complete chain of ownership to the person acquiring the watercraft. A person may not acquire a watercraft required to have a certificate of title without obtaining a certificate of title for the watercraft in the person’s name.

Watercraft Transfer of Ownership

If you cannot find a title, you will need to apply for a new one...

WATERCRAFT TITLE & REGISTRATION APPLICATION




Bkchero
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Daily Subscription Msg 3 Posted: 09:43 AM 10/21/09 (CST)
As the end of Big Bites's post says, the owner should apply for a duplicate title. There is probably a fee but tell him to get it or no sale.

This is also a good reminder for all of us--keep your car, boat, etc. titles somewhere safe and where you will remember where they are. A small fireproof safe at home is a good choice, or a bank safe deposit box.
FishCat
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Daily Subscription Msg 4 Posted: 10:41 AM 10/21/09 (CST)
No Title = No Cash = No Sale sums it up then. This is a tough pill to swallow. This is pretty close to my dream boat. It's probably why it's at the price it is though. I knew you guys would be straight up with me. Thank You.

What about that Watercraft Trasnfer Of Ownership form then? That's just something you should do in addition to getting a signed Title; sort of like a Bill Of Sale or something?

What about the Lifetime Trailer Registration. Do you really have to do nothing after that?




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Sand Burr
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Daily Subscription Msg 5 Posted: 11:23 AM 10/21/09 (CST)
I would be no means let that discourage the purchase of the boat. I would tell the guy that you both need to go down to the DMV together and do the transfers. The boat is handled by the DNR and the trailer is handled by the DMV but both transfers can be done right there on the spot. As long as he is the registered owner and there are no leans on the boat it will be no problem. I did this with a boat that was from out of state and ran into a bit of problem due to the out of state thing but it was all resolved. If there was ever a lean on the boat make sure he brings the paperwork that will release it.
I was actually in the other day getting tabs for a vehicle and there was a couple guys next to me trying to transfer a boat and trailer without paper work and they could transfer the boat but not the trailer because he wasn’t the registered owner.




Logan
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Daily Subscription Msg 6 Posted: 11:37 AM 10/21/09 (CST)
I acquired a 19 ft. trihull and didn't get a transfer title. This was last year. So I went to the DMV and told them that I didn't have the name of the person who owned it before me or anything and I let her know that I got it for free. She just asked what the registration number on the boat was and took care of everything for me in about ten minutes..

Dang near the same thing with my 14 ft aluminum boat. I bought it from a guy in WI and he said he'd send me the paper work. I never got the paper work so I just towed it up to the DMV gave them the registration number from the boat. They took care of it then too..

I'm not suggesting that you shouldn't worry about it but... It wasn't a problem for me either time.. Of course both these boats probably predate 1979.

I must have been lucky.. Actually leaving the DMV with a big smile.. I know I was lucky.




FishCat
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Daily Subscription Msg 7 Posted: 01:18 PM 10/21/09 (CST)
Thanks guys! That brightened my spirits. I also talked to a gal at the DNR who told me to call back with the serial & registration numbers and she would be able to tell me a lot. I asked him if we can meet at a DMV too. Haven't heard back yet.




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Bkchero
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Daily Subscription Msg 8 Posted: 01:44 PM 10/21/09 (CST)
I didn't meant to scare you off. Getting a dup. title is usually easy, unless there are liens against the boat. Assuming the seller owns it free and clear then it should be as simple as filling out a lost title application and paying the fee. As suggested above, if you both go to the DMV together you might be able to knock it out all at once, but I wouldn't buy it w/o getting a dup. title issued, its probably the only way to make sure thre are no liens on the boat so you don't get a visit from the repo man later when unbeknownst to you there is money owed on the boat.
Retired on Osakis
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Daily Subscription Msg 9 Posted: 07:17 PM 10/21/09 (CST)
You don't mention the length of the boat. If it is sixteen feet or less it does not need a title.
FishCat
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Daily Subscription Msg 10 Posted: 08:10 AM 10/22/09 (CST)
Retired: I think I was worried about anyone else swooping in on this and I deleted some info from my original post. It is 16’ and the DNR told me the same thing yesterday after checking the registration. It’s a “non-titled” boat. I didn’t know 16’ or less was exempt from this law.

Bkchero: It was something else that made me nervous. I appreciated your advice.

As far as the boat: We’ve got a deal! I’m just having a problem finding a place that carries the hitch I need installed. Think I can pay for it, get a Bill of Sale and, hopefully, he’ll keep it until I can get that darn hitch.




twitter: @MSPbass

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